SingPost special audit delayed by argy-bargy between auditors and directors: sources

Singapore

THE final report for Singapore Post's long-awaited corporate governance special audit has yet to be completed nearly a month after the findings were originally supposed to be released.

Though SingPost has not publicly pinpointed the cause of the seeming hold-up, sources indicated that one of the main reasons for the delay was a lengthy to-and-fro between the special auditors and board members such as independent director Keith Tay. They added that regulators also got involved.